Renewable energy solutions provider Scatec along with its partners Fertiglobe (the strategic partnership between OCI N.V. and ADNOC), Orascom Construction, and The Sovereign Fund of Egypt, has announced the start of the commissioning of the first phase of the green hydrogen plant in Ain Sokhna, in Egypt’s Suez Canal Economic Zone (SCZone), during an event at COP27. […]
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Chalhoub Group acquires majority stakes in Threads Styling
Luxury retail operator, Chalhoub Group has acquired a majority stake in Threads Styling, a London based digital luxury retailer and personal shopping platform. Chalhoub Group acquired all shares of Threads Styling, with the exception of
Deal & transactions
Food & Beverage
Other
ECCBC acquires Morocco-based Atlas Bottling from Diana Holding
Equatorial Coca-Cola Bottling Company (“ECCBC”), a bottler of The Coca-Cola Company in North and West Africa, has reached an agreement, through its Moroccan subsidiaries, to acquire the bottler of Coca-Cola in the northern and eastern
Deal & transactions
Food & Beverage
United Arab Emirates
Gulf Capital sells Chef Middle East to Nasdaq-listed food distributor
Gulf Capital, the private equity and growth capital investor in the GCC and Southeast Asia, has successfully completed the sale of 100% of Chef Middle East (“Chef ME”), the GCC’s premier foodservice distribution
Deal & transactions
Saudi Arabia
TMT
Linklaters advises Zain Saudi Arabia on the sale of telecoms towers
Zain Saudi Arabia (“Zain KSA”) has successfully completed the sale and leaseback of its entire portfolio of 8,069 telecoms towers in Saudi Arabia to investors led by the Public Investment Fund of Saudi Arabia (“PIF”). The
Banking & Finance
Deal & transactions
Other
Trowers & Hamlins advises on the establishment of Venture Studio
Trowers & Hamlins has successfully advised on the establishment of the MENA region’s first FinTech Venture Studio (the “Venture Studio”). The Venture Studio is a joint venture project between the firm’s client Al
The Sovereign Fund of Egypt (“TSFE”) and education management firm Egypt Education Platform (“EEP”) have successfully entered into a joint acquisition of an undisclosed majority stake in the educational publishing entity
Deal & transactions
TMT
United Arab Emirates
Norton Rose Fulbright advises IHC on its acquisition into Emircom
IHC Digital, a subsidiary of International Holding Company (“IHC”), has successfully completed a AED 250 million acquisition of a 54% stake in Middle East information and communications technology (ICT) provider Emircom. The transaction, which closed on 28 September 2022,
Asafo & Co. advised Holged Group, a provider of primary and secondary education in Morocco and Tunisia, in Africa 50’s investment in its share capital. Africa 50, a pan-African infrastructure investment platform, entered into
Deal & transactions
Energy & Trading
United Arab Emirates
Siemens Energy and Adio to set up innovation centre in Abu
The Abu Dhabi Investment Office (“Adio”) is joining forces with Siemens Energy to accelerate the development of clean energy technologies in the UAE and globally. Under the agreement, Adio will provide Siemens Energy
